Trimble Agriculture

JULY 5, 2023

The USDA expects a decrease in farm sector profits this year. Net farm income is forecast at $136.9 As cash receipts for commodities tick down and direct government payments fall, many operators are looking for ways to reduce costs and increase farm profitability.

Farming 98

Farming Farming Finance Net Farm Income 98

ProAg

SEPTEMBER 5, 2023

USDA released its August 2023 Farm Income Forecast, casting a stark projection of a $41.7 billion loss in year-over-year income. While 2022 was a record-setting year at $183 billion in net farm income, the inflation-included 25.4% Net cash farm income is expected to fall 26.5%

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

Todays Farmer Magazine

APRIL 30, 2024

FAPRI’s report shows prices for many farm commodities have fallen sharply from 2022 peaks and will likely decline further for crops harvested in 2024 and beyond. As a result, net farm income is expected to hit the lowest level since 2020. per bushel in 2022-23 fall to a projected $4.39 per bushel to a projected $10.73

Net Farm Income 52

Net Farm Income Farming Farming Poultry 52

Agricultural Economics Insights

FEBRUARY 18, 2024

net farm incomes – which we broke down here – also updated estimates of farm financial conditions. From the balance sheet, a concerning trend is tumbling working capital across the farm sector. Farm Sector Working Capital, 2009 -2024. Figure 2 plots the working capital ratio for the farm sector.

Farming 62

Farming Farming Net Farm Income Farmland 62

Trimble Agriculture

SEPTEMBER 11, 2024

Read key takeaways for farmers, ranchers, and rural landowners from the USDA’s September 2024 farm income forecast. use the USDA’s farm income forecast to guide financial decisions for the coming year. Key Takeaways from the 2024 Farm Income Forecast Net farm income decreased by 19.5

Farming 59

Farming Farming Net Farm Income Finance 59

Agricultural Economics Insights

JUNE 9, 2024

Despite falling net farm incomes , rising interest expenses , and generally low producer sentiment , farm loan delinquencies improved in 2023. The Kansas City Federal Reserve has reported quarterly activity for farm real estate loans since 1991. Share of Farm Real Estate Loans Delinquent, Q4 1991-2023.

Real Estate 62

Real Estate Farming Farming Net Farm Income 62

Todays Farmer Magazine

APRIL 28, 2023

Unfavorable weather, the Russian invasion of Ukraine, avian influenza and a host of other factors resulted in high commodity prices, high farm production costs and high consumer food price inflation in 2022. Higher fertilizer, fuel and feed costs contributed to a sharp increase in farm production expenses in 2022.

Net Farm Income 52

Net Farm Income Real Estate Supply Chain Crop 52

ProAg

SEPTEMBER 12, 2023

farm income in history. The department’s most recent farm income forecast projected a sharp 23% decline in profits compared to 22. However, the $42 billion decline in net income will not only be the largest on record in nominal terms but will set the stage for even lower income in 2024.

Farming 59

Farming Farming Poultry Livestock 59

Agwired

FEBRUARY 9, 2024

American voters are asking Congress to support family farmers by passing a Farm Bill that protects, preserves, and improves crop insurance. Farmers can expect the largest recorded year-to-year dollar drop in net farm income in 2024. Net farm income is the profit farmers see after paying for operating expenses.

Net Farm Income 45

Net Farm Income Manufacturing Crop Farming 45

National Sustainable Agriculture Coalition

MAY 10, 2024

On May 1, 2024 – after months of stalled farm bill negotiations on both sides of Capitol Hill – Senate Agriculture Committee Chairwoman Debbie Stabenow (D-MI) released a detailed section-by-section summary of her farm bill proposal. Strengthening the Farm and Food System Workforce (Sec. 11205, 12201).

Ruralism 110

Ruralism Food Farming Farming 110

Agricultural Economics Insights

DECEMBER 17, 2023

It’s hard to know if these issues were the cause, but there was no new farm bill. Once it became clear a new, five-year bill wasn’t even close, the 2018 Farm Bill got a one-year extension. The realities of this trend will likely impact supermarket prices and livestock markets for a few years. Better luck next year?

Agriculture 122

Agriculture Agriculture Farmland Yield 122